This is page numbers 333 - 366 of the Hansard for the 13th Assembly, 5th Session. The original version can be accessed on the Legislative Assembly's website or by contacting the Legislative Assembly Library. The word of the day was fund.

Topics

Return To Question 109-13(5): Firefighting Equipment Inspections
Question 109-13(5): Firefighting Equipment Inspections
Item 6: Oral Questions

Page 341

Tommy Enuaraq Baffin Central

(Translation) Thank you, Mr. Speaker. I would like to say Clyde River, Broughton Island and Pangnirtung. (Translation ends)

Return To Question 109-13(5): Firefighting Equipment Inspections
Question 109-13(5): Firefighting Equipment Inspections
Item 6: Oral Questions

Page 341

The Speaker

(Translation) Thank you, Madame Thompson. (Translation ends)

Return To Question 109-13(5): Firefighting Equipment Inspections
Question 109-13(5): Firefighting Equipment Inspections
Item 6: Oral Questions

Page 341

Manitok Thompson Aivilik

(Translation) Thank you, Mr. Speaker. MACA, at the regional office in Iqaluit, when they get information from the hamlet, a specific hamlet, they go to the community to check out what the problem is. I just wondered whether the Member's constituency has written to MACA in Iqaluit and I will get back to him with a response. (Translation ends).

Return To Question 109-13(5): Firefighting Equipment Inspections
Question 109-13(5): Firefighting Equipment Inspections
Item 6: Oral Questions

Page 341

The Speaker

(Translation) Thank you, Ms. Thompson. Thank you, Mr. Enuaraq. (Translation ends)

Supplementary To Question 109-13(5): Firefighting Equipment Inspections
Question 109-13(5): Firefighting Equipment Inspections
Item 6: Oral Questions

Page 341

Tommy Enuaraq Baffin Central

(Translation) Thank you, Mr. Speaker. I would like to ask a supplementary question to the same Minister. Is the fire hall getting budgeted money from the Minister's department? (Translation ends)

Supplementary To Question 109-13(5): Firefighting Equipment Inspections
Question 109-13(5): Firefighting Equipment Inspections
Item 6: Oral Questions

Page 341

The Speaker

(Translation) Madame Thompson. (Translation ends)

Further Return To Question 109-13(5): Firefighting Equipment Inspections
Question 109-13(5): Firefighting Equipment Inspections
Item 6: Oral Questions

Page 342

Manitok Thompson Aivilik

Thank you, Mr. Speaker. Yes, we do.

Further Return To Question 109-13(5): Firefighting Equipment Inspections
Question 109-13(5): Firefighting Equipment Inspections
Item 6: Oral Questions

Page 342

The Speaker

Thank you. I have been informed that the response by the honourable Minister for MACA was not on the record. Would you please repeat your response? Thank you.

Further Return To Question 109-13(5): Firefighting Equipment Inspections
Question 109-13(5): Firefighting Equipment Inspections
Item 6: Oral Questions

Page 342

Manitok Thompson Aivilik

Thank you, Mr. Speaker. I am sorry, I did not see the microphone on. Yes, we do that.

Further Return To Question 109-13(5): Firefighting Equipment Inspections
Question 109-13(5): Firefighting Equipment Inspections
Item 6: Oral Questions

Page 342

The Speaker

Thank you. Oral questions. I have the honourable Member for Thebacha, Mr. Miltenberger.

Question 110-13(5): Administration Of Immigrant Investor Funds
Item 6: Oral Questions

Page 342

Michael Miltenberger

Michael Miltenberger Thebacha

Thank you, Mr. Speaker. My question is directed to the Minister of Finance on his statement on the Aurora Fund today, specifically on the middle paragraph on page three of four, where the Minister made reference to the two Aurora Funds as government-administered venture capital funds. Could the Minister just elaborate on the difference between the arm's-length relationship that was an issue referred to when these funds were set up and what is now being referred to as a government-administered venture capital fund?

Question 110-13(5): Administration Of Immigrant Investor Funds
Item 6: Oral Questions

Page 342

The Speaker

Thank you. The Minister of FMBS, Mr. Todd.

Return To Question 110-13(5): Administration Of Immigrant Investor Funds
Question 110-13(5): Administration Of Immigrant Investor Funds
Item 6: Oral Questions

Page 342

John Todd Keewatin Central

Yes, Mr. Speaker, I will try to give some clarity to that issue. The actual operations, if you want, of the fund and the decision making in terms of evaluating proposals and bringing recommendations up, is done outside of government. Mr. Bailey, for example, is the NWT investment manager and three external, if you want, investment committee members. These are done independent of the government, if you want. We have an obligation and a responsibility, given the regulations that are set by the federal government to be seen and to be viewed as a government fund. It has the backing, both the moral and the administration backing, of the government, but it has the independence of where it puts an investment outside of the government through Mr. Bailey and through the independent bankers and, of course, the bankers themselves who finance it, and that is the Pacific Western one. I hope that brings clarity.

Return To Question 110-13(5): Administration Of Immigrant Investor Funds
Question 110-13(5): Administration Of Immigrant Investor Funds
Item 6: Oral Questions

Page 342

The Speaker

Thank you, Mr. Todd. Supplementary, Mr. Miltenberger.

Supplementary To Question 110-13(5): Administration Of Immigrant Investor Funds
Question 110-13(5): Administration Of Immigrant Investor Funds
Item 6: Oral Questions

Page 342

Michael Miltenberger

Michael Miltenberger Thebacha

Thank you, Mr. Speaker. Could the Minister elaborate then on the issue of liability either explicit or implicit, given the fact that there is a majority of government members, either senior staff or Ministers? Clearly, even though there is a three member business sector, they could be theoretically outvoted. So, could the Minister indicate, is there an economic liability due to that fact? Thank you.

Supplementary To Question 110-13(5): Administration Of Immigrant Investor Funds
Question 110-13(5): Administration Of Immigrant Investor Funds
Item 6: Oral Questions

Page 342

The Speaker

Thank you. Mr Todd.

Further Return To Question 110-13(5): Administration Of Immigrant Investor Funds
Question 110-13(5): Administration Of Immigrant Investor Funds
Item 6: Oral Questions

Page 342

John Todd Keewatin Central

Yes, Mr. Speaker. Thank you, another good question. I want to assure my honourable colleagues publicly, the GNWT has no liability on the Aurora Fund. Period. Thank you.

Further Return To Question 110-13(5): Administration Of Immigrant Investor Funds
Question 110-13(5): Administration Of Immigrant Investor Funds
Item 6: Oral Questions

Page 342

The Speaker

Thank you. Second supplementary, Mr. Miltenberger.

Supplementary To Question 110-13(5): Administration Of Immigrant Investor Funds
Question 110-13(5): Administration Of Immigrant Investor Funds
Item 6: Oral Questions

Page 342

Michael Miltenberger

Michael Miltenberger Thebacha

Thank you, Mr. Speaker. Could the Minister indicate as well on the issue of all these government people, Ministers, and senior staff being on a board of this nature even though it is required by the federal government? Is that in any way at odds with our current legislation, rules and procedures for staff in terms of conflict? Thank you.

Supplementary To Question 110-13(5): Administration Of Immigrant Investor Funds
Question 110-13(5): Administration Of Immigrant Investor Funds
Item 6: Oral Questions

Page 342

The Speaker

Thank you. The honourable Minister, Mr. Todd.

Further Return To Question 110-13(5): Administration Of Immigrant Investor Funds
Question 110-13(5): Administration Of Immigrant Investor Funds
Item 6: Oral Questions

Page 342

John Todd Keewatin Central

Well, I am not sure. My colleague finds that amusing. Mr. Speaker, I am not sure. I thought that question was asked of me earlier this morning. If I could get both Mr. Kakfwi and myself and the government employees off this fund, I would do it tomorrow, but the reality is that is what is expected by the federal government, so I would have to look into that component of it. We are, as we speak, and if there is, then we will have to make the appropriate adjustments to meet whatever the conflict guidelines are. Thank you.

Further Return To Question 110-13(5): Administration Of Immigrant Investor Funds
Question 110-13(5): Administration Of Immigrant Investor Funds
Item 6: Oral Questions

Page 342

The Speaker

Thank you. Oral questions. The honourable Member for Arviat, Mr. O'Brien.

Question 111-13(5): Municipal Financial Audits
Item 6: Oral Questions

January 26th, 1998

Page 342

Kevin O'Brien Kivallivik

Thank you, Mr. Speaker. Mr. Speaker, my question is to the Minister responsible for MACA. It is my understanding that the audits have been completed for the other communities in the NWT by MACA and that for approximately 40 percent of these communities, their audits were issued either as a qualified statement or nonstatement regarding their financial situation. My question to the Minister is, what action does this mean and how does she plan to deal with the issue?

Question 111-13(5): Municipal Financial Audits
Item 6: Oral Questions

Page 342

The Speaker

Thank you. The honourable Minister for MACA, Madame Thompson.

Return To Question 111-13(5): Municipal Financial Audits
Question 111-13(5): Municipal Financial Audits
Item 6: Oral Questions

Page 343

Manitok Thompson Aivilik

(Translation) Thank you, Mr. Speaker. The items that the Member has raised are not in front of me at this time, but when there is a shortage of funding requirement, then we discuss these with our regional offices, along with the secretary treasurers from the communities to see in what areas we have to make some adjustments. I am quite sure the hamlets are aware of this process because we work with them on a regular basis. Thank you, Mr Speaker. (Translation ends)